Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

“Demand is robust throughout the country, but homebuyers continue to be held back by the lack of homes for sale and rapidly increasing home prices.” — MBA Associate Vice President of Economic and Industry Forecasting Joel Kan

First-time homebuyers found their long-term plans changed due to COVID.

It’s a seller’s market with single-family home sales, statewide in April, closing 33,264 homes and condo-townhouse sales totaling 17,330. Those year-over-year increases were 55.4% for single-family homes and 130.9% for condos.

New home sales slid 5.9% on a monthly basis in April to 863,000 units, the U.S. Census Bureau and the Department of Housing and Urban Development reported. Year over year, however, sales were up 48.3%.  Sales were down in all regions except for the West,

Higher income, backed up by lower mortgage rates, has expanded the reach of the average homebuyer, but an increased demand for homes has concurrently driven up prices, negating two of the three main factors in First American Financial Corp.’s Real House Price Index.  

With the seventh-lowest tax rate in the country, Florida attracts people from all over.

The limited inventory that has plagued the housing market continued, although at an abated pace.

An analysis of 10 years of home sales found the spring and summer months offer the most gains for sellers, particularly the month of May.

Residential property equity continued to grow in the first quarter of 2021, with one in three homes considered equity rich.

While the competition was not quite as strong across Miami, the 54.2% rate on offers this past April was a slight bump from the 52.8% rate in March, and a dramatic rise from the 30.6% rate from April 2020.

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

Whether they’re still weary of going to a gym full of people or just looking to work off those extra pandemic pounds in privacy, homebuyers are increasingly prioritizing home exercise rooms.

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

Abundance of condos under construction catapults Miami Beach to the top of the list.

The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.